558 Hartley St McKenzie, AL 36456

Property Details for 558 Hartley St

Year built

2016

Lot size

1.00 lot acres

Property size

7,500 SF

Property type

Grocery and convenience stores

Description

This exceptional investment opportunity presents a 7,500 square foot Dollar General convenience store in McKenzie, Alabama. The property, built in 2016, sits on a one-acre lot at a high-traffic intersection of Hartley Street and US Hwy 55, a major north-south corridor connecting Interstate 65 to Florida's Emerald Coast, experiencing approximately 5,000 vehicles per day. The property benefits from a strong, absolute triple-net (NNN) lease with Dollar General, one of the nation's largest discount retailers, with a market capitalization exceeding $50 billion and an investment-grade credit rating. The current lease, commencing October 31, 2015, and expiring October 30, 2030, has a remaining term of approximately 5.9 years, with five, five-year renewal options including rent escalators. The tenant is responsible for all operating expenses, including property taxes, insurance, and common area maintenance. The asking price is $810,667, representing a price per square foot of $108.09 and a 7.65% capitalization rate based on a net operating income (NOI) of $62,016. This location enjoys a lack of direct competition, making it a highly desirable investment with a stable income stream and significant long-term potential. The property offers a compelling combination of a strong tenant, favorable lease terms, and a prime location.

Location Insight

City

McKenzie

County

Butler

State

Alabama

Longitude

-86.7202008

Latitude

31.5312179